Bath Savings Trust Co Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Bath Savings Trust Co trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,638 shares of the oil and gas company’s stock after selling 647 shares during the period. Exxon Mobil comprises approximately 1.9% of Bath Savings Trust Co’s portfolio, making the stock its 17th largest position. Bath Savings Trust Co’s holdings in Exxon Mobil were worth $19,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Patron Partners LLC increased its holdings in Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after purchasing an additional 2,564 shares during the period. YHB Investment Advisors Inc. lifted its stake in Exxon Mobil by 5.9% in the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after acquiring an additional 1,836 shares during the period. Cooksen Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter valued at $136,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on XOM. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Truist Financial lowered their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Exxon Mobil Stock Up 0.4 %

NYSE XOM opened at $125.36 on Tuesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $494.30 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The stock’s 50-day moving average price is $116.31 and its 200-day moving average price is $116.02.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.03%. Exxon Mobil’s payout ratio is presently 46.57%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.